Jeremy Oles

Published On: 18/08/2025
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By Published On: 18/08/2025
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
12:30🇺🇸2 pointsBuilding Permits (Jul)1.390M1.393M
12:30🇺🇸2 pointsHousing Starts (Jul)1.290M1.321M
12:30🇺🇸2 pointsHousing Starts (MoM) (Jul)———-4.6%
15:30🇺🇸2 pointsAtlanta Fed GDPNow (Q3) 2.5%2.5%
18:10🇺🇸2 pointsFOMC Member Bowman Speaks———-———-
20:30🇺🇸2 pointsAPI Weekly Crude Oil Stock———-1.500M
23:50🇯🇵2 pointsAdjusted Trade Balance-0.08T-0.24T
23:50🇯🇵2 pointsExports (YoY) (Jul)-2.1%-0.5%
23:50🇯🇵2 pointsTrade Balance (Jul)196.2B152.1B

Summary of Upcoming Economic Events on August 19, 2025

United States – Housing & Growth Indicators

Building Permits (Jul) – 12:30 UTC

  • Forecast: 1.390M (Prev. 1.393M)
  • Impact: Stable figures suggest housing activity is holding but not accelerating. Weak permits could weigh on construction-related equities and signal slowing investment.

Housing Starts (Jul) – 12:30 UTC

  • Forecast: 1.290M (Prev. 1.321M, MoM +4.6%)
  • Impact: A decline would highlight cooling housing momentum, impacting growth outlook. A stronger-than-expected print would support USD and risk sentiment.

Atlanta Fed GDPNow (Q3) – 15:30 UTC

  • Forecast: 2.5% (same as prior)
  • Impact: Confirms steady but moderate growth expectations. A downward revision would increase speculation on Fed easing.

FOMC Member Bowman Speaks – 18:10 UTC

  • Impact: Policy tone (hawkish vs dovish) could shift USD and bond yields.

API Weekly Crude Oil Stock – 20:30 UTC

  • Prev.: +1.500M
  • Impact: Inventory trends drive oil volatility; another build pressures crude prices, while a draw supports oil-linked assets.

Japan – Trade & Export Data

Adjusted Trade Balance (Jul) – 23:50 UTC

  • Forecast: –0.08T (Prev. –0.24T)
  • Impact: An improved balance suggests narrowing deficits, supporting JPY stability.

Exports (YoY, Jul) – 23:50 UTC

  • Forecast: –2.1% (Prev. –0.5%)
  • Impact: A deeper contraction in exports signals weaker global demand, weighing on JPY and Nikkei.

Trade Balance (Jul) – 23:50 UTC

  • Forecast: ¥196.2B (Prev. ¥152.1B)
  • Impact: Surplus increase may offer short-term JPY support, but underlying export weakness could cap gains.

Market Impact Analysis

  • U.S.: Housing and GDPNow data will shape growth sentiment. If housing weakens while growth projections hold, equities may struggle while bonds gain.
  • Japan: Trade data will highlight the impact of global demand on Japan’s economy. A larger surplus may help JPY, but falling exports suggest medium-term weakness.
  • Oil: API stock data could trigger late-session commodity volatility, influencing energy equities and inflation outlook.

Overall Impact Score: 6/10

  • U.S. housing and GDP updates provide directional cues for risk assets.
  • Japanese trade data adds FX volatility risk, especially for JPY crosses.
  • Oil inventories may drive commodity-linked moves late in the day.